Twelve new construction condos are rising from the former parking lot located at he corner of P Street and 8th in Shaw.  The project, being developed by Capital City Real Estate, is designed to look like six row houses and blend into the historic Shaw neighborhood.

Individual unit floor plans will feature 2 BR / 2 or 2.5 BA with over 1,150 SF of living space.  Developer finishes include cherry cabinets with expresso finish, marble countertops, stainless appliances, hardwood flooring, master closet with Elfa shelving, frameless glass showers, grecian slate bath tile and  private balconies or patios.

Here is a resource to learn more about 751 P Street and other DC new construction opportunities.  Our team at TTR Sotheby's International Realty has significant experience helping condo buyers negotiate new construction contracts with DC developers.  We have previewed all the new projects currently available in the District and can help expedite and focus your search.

1002 M Street is a historic DC brownstone row house that has been completely restored and reconfigured into four luxury condos. The location of this building on M Street between 10th and 11th is just steps from both the Penn Quarter and Mount Vernon Triangle neighborhoods. Walk to all the action Downtown, at the Verizon Center and Chinatown.

Finishes at 1002 M include exposed brick walls, Bosch, Liebherr and GE appliances, Silestone counters, Grohe and Kohler faucets, Italian tiles and Elfa closets. Extensive building renovations include a new roof, windows, plumbing and electrical systems.

Individual units at 1002 M Street have generous floor plans in the following configurations:

• Ground Floor: 2 BR / 2 BA - 1,144 SF
• First Floor: 2 BR / 2 BA - 1,121 SF
• Second Floor: 1 BR / 1 BA - 980 SF
• Third Floor: 2 BR / 2 BA - 1,473 SF

The DC Condo Boutique Team at TTR Sotheby's can show you this project or any of the other new construction opportunities in the District.

AOL Real Estate has ranked DC as the fifth best city in the country for young people. DC trailed Cincinnati, Seattle, Baton Rouge and Minneapolis. This 5th place ranking is a couple of positions lower than CNN's 2nd place ranking last year.

The criteria used by AOL Real Estate in establishing these rankings includes: starting salaries for college graduates; cost of living; and percentage of residents in their 20s. DC had higher than average cost of living scores but excelled in starting salaries that are 17% higher than national averages and low unemployment rates.

District neighborhoods popular with young people where more affordable housing option are available include Columbia Heights, Shaw and the H Street Corridor.

A recent WaPo article details the changing demographics in the District.  Over the last ten years, DC has seen a five percent increase in overall population and a  whopping 23% of this growth has come from young adults in the 20 to 34 age group.

DC Wards 1 and 2 are dominated by young adults with over 40% of their residents in the 20 to 34 age grouping.  Wards 3 and 6 are also strong draws for young adults with over 30% of their population between the ages of 20 to 34.  

Neighborhoods cited in the article contributing to the growth in DC's young adult population include Capitol Hill, the Northeast, downtown, Shaw and Logan Circle.  This certainly makes sense as a significant portion of the District's new development over the last decade has been concentrated in these neighborhoods.

M Street Flats is a boutique project by upstart developer Community Three.  M Street Flats features 10 units in a completely gutted and rehabbed Victorian-era, brick-front row house.  The units feature open floor plans with contemporary professional designer finishes including oak flooring and mosaic glass tiling.  Private outdoor terraces are included with five of the units.

The location at the very Southern border of Shaw offers easy access to the commercial establishments in the nearby CityVista project including Safeway, Results Gym and Busboys & Poets.  M Street Flats weighs in with a 94/100 WalkScore, ranking the building in the Walkers' Paradise category.  This location is outstanding for reverse commuters with access to I-395 South just a block away.

Currently, there are three units on the market at M Street Flats, all featuring a 2 BR / 1 BA configuration and ranging in price from $449,000 to $539,000.  The project is FHA approved.